165 Cerro Romauldo Ave, San Luis Obispo, CA 93405
$1,188,000 Mortgage Calculator Active Single Family Residence
Property Details
About this Property
Unique income-producing property in beautiful San Luis Obispo! This versatile property includes two completely separate units, ideal for investment, multi-generational living, or owner-occupancy with rental income. **Front Unit – 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath) -Fully renovated in 2022 with new plumbing, electrical, and interior finishes -Updated kitchen with newer appliances; washer, dryer, and refrigerator included -New roof and replaced sewer lateral. *Private fenced yard and single-car carport **Back Unit – 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath) -Newly constructed ADU with private entrance -Owned solar panels, 9' ceilings, and air conditioning -Low-maintenance, drought-tolerant landscaping *Investment Highlights -Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800) -Excellent opportunity for steady rental income or future owner occupancy This property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Don’t miss this outstanding investment opportunity!
MLS Listing Information
MLS #
CRSC25254062
MLS Source
California Regional MLS
Days on Site
26
Interior Features
Bedrooms
Ground Floor Bedroom
Kitchen
Exhaust Fan, Other
Appliances
Exhaust Fan, Other, Oven - Electric, Oven Range, Oven Range - Electric, Refrigerator
Dining Room
Breakfast Bar, Other
Fireplace
None
Laundry
Other, Stacked Only
Cooling
Ceiling Fan, Central Forced Air, Central Forced Air - Electric, Other
Heating
Electric, Heat Pump, Other, Solar
Exterior Features
Roof
Composition
Foundation
Raised, Slab
Pool
None
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Elementary District
San Luis Coastal Unified
High School District
San Luis Coastal Unified
Water
Other
HOA Fee
$0
Zoning
R1
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
165 Cerro Romauldo Ave is a Single Family Residence in San Luis Obispo, CA 93405. This 1,420 square foot property sits on a 5,000 Sq Ft Lot and features 4 bedrooms & 2 full bathrooms. It is currently priced at $1,188,000 and was built in 1935. This address can also be written as 165 Cerro Romauldo Ave, San Luis Obispo, CA 93405.
©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of November 18, 2025. For the most current information, please contact Kristin Lachemann, (805) 546-9925
